Sri Lanka Consolidated Acts

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National Development Bank Of Sri Lanka (Amendment) Act (No. 10 of 1992) - Sect 12

Amendment of section 26 of the principal enactment

12. Section 26 of the principal enactment is hereby amended as follows :
(1) by the addition, at the end of that section, of the following new subsection:
"(3) Notwithstanding the provisions of subsections (1) and (2), the Bank may from time to time borrow sums of money from any licensed commercial bank on such terms and conditions as may be mutually agreed to between them.'' ;
(2) by the addition, immediately after this section, of the following paragraph :
(3) by the substitution for the marginal note to that section of the following marginal note :


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